Ortega orders modifications within the Ministry of Energy, Enatrel and the INE, however leaves the sanctioned of their positions

Although the Daniel Ortega regime has minimized the influence of the United States sanctions on its officers, the reality is that the dictatorship ordered this Friday to make modifications in all of the establishments linked to the power sector, which implied the deprivation of powers from the holders of the Ministry of Energy and Mines, the National Electricity Transmission Company and the Nicaraguan Institute of Electricity (INE).

In the primary occasion, via presidential settlement 192-2021, printed this Friday in La Gaceta, Ortega appointed Estela María Martínez Cerrato as deputy minister of the Ministry of Energy and Mines (MEM), which can assume all the executive capabilities of Salvador Mansell Castrillo, who was included this week into the undesirable listing of the United States Office of Foreign Assets Control, with which he was routinely “financially dead”, that’s, he can not have any hyperlink with the monetary sector.

That is why Martínez will now have the duty of signing “all the documents related to the governance and regulation of the electricity, hydrocarbon and mining sectors, which are the competence of the Ministry of Energy and Mines; as well as all the documents necessary for the correct administration and operation of the Ministry, including those referring to disbursements of national and foreign funds, and those derived from the subscription, execution, evaluation and closing of contracts for loans, donations and other financial cooperation mechanisms. and international technique, after compliance with the corresponding procedures and standards ”.

Also learn: New Fortress, the gasoline plant promoted by Ortega, fears that US sanctions will harm its operations in Nicaragua

Also, by the use of a second decree, it granted Martínez the authorized illustration of capital by ministry of the shares owned by the State within the Dissnorte-Dissur Electricity Distribution Company., whose duty he’ll share with Santiago Hernán Bermúdez Tapia, «with all the mandatory powers to take part individually and / or collectively in Ordinary and Extraordinary General Shareholders’ Meetings, with full voting rights for mentioned shares and to elect and be elected on the General Meetings Directors of the identical and in Executive Committees or different Special Committees that mentioned normal conferences designate or create.

In mentioned settlement, it orders that presidential settlement No. 188-2020 printed on January 6, 2021, the place it incorporates Mansell because the authorized consultant of the State’s actions within the electrical energy distributor along with Martínez, is annulled.

But it additionally confirms the presidential settlement 47-2020, of May 29, 2020, the place Bruno Mauricio Gallardo Palaviccine was appointed because the consultant of the capital shares owned by the State of Nicaragua. In different phrases, there could be three representatives. Gallardo is identical official that Ortega rose to the place of Vice Minister of Finance and can assume the executive obligations of José Adrián Chavarría, who remained in that place as a figurehead after being sanctioned by the United States this week.

In a 3rd motion, Ortega additionally appointed as president of the National Electricity Transmission Company (Enatrel) to the brand new deputy minister of the Ministry of Energy and Mines, Estela María Martínez Cerrato, who till now held the place of secretary inside the board of administrators of Enatrel.

He additionally included Gallardo Palaviccine into the Enatrel board of administrators as vice chairman, leaving out José Adrián Chavarría Montenegro, representing the Ministry of Finance. It must be talked about that Chavarría nonetheless shares a place with Gallardo as Vice Minister of Finance.

And a final motion did it via a reform to the Organic Law of the INE, wherein it ordered to take away the powers and the authorized and administrative illustration that corresponds to the president of that establishment, José Antonio Castañeda Méndez, additionally sanctioned by the United States. However, he doesn’t revoke his appointment as president of the INE.

«The route, administration and authorized illustration of the Institute will likely be in control of a Board of Directors; The Board of Directors should progressively create INE branches within the fifteen departmental capitals and within the two Caribbean Regions, ”the modification to article 8 of the INE Law establishes.

Also learn: The Ortega Prosecutor’s Office begins to endure the primary financial harm as a result of US sanctions.

He provides that “the Board of Directors will partially or totally delegate legal representation of the Institute to any of its members and / or to any official of the Institute, for the good progress of all the affairs of the Institute.”

Despite all these actions within the power cupboard, the dictatorship determined to maintain the officers sanctioned by the United States as heads of the Ministry of Energy and Mines and the INE, which represents a problem for worldwide traders who’ve capital invested within the space. of mining and power, making an allowance for that United States laws don’t permit direct or oblique contact with an individual or entity blocked by OFAC.

The solely place the place there was change was in Enatrel, the place Mansell now not has the handle of the state firm. The regime has not but introduced modifications within the route of Disnorte-Dissur, the place Rodolfo Francisco López Gutiérrez, director of the corporate, was additionally included within the OFAC listing.

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